Nature's Sunshine Reports Fourth Quarter and Full Year 2024 Financial Results

Core Viewpoint - Nature's Sunshine Products, Inc. reported strong financial results for Q4 and full year 2024, highlighting significant growth in various regions and a commitment to quality and innovation despite macroeconomic challenges [2][3]. Financial Summary Fourth Quarter 2024 - Revenue reached $118.2 million, an increase of 8.5% year-over-year, and 10% on a constant currency basis [4][6]. - Asia Pacific saw a remarkable growth of 21%, while North America digital sales increased by 17% [2]. - Gross margin improved to 72.0% from 71.9% in the previous year due to cost-saving initiatives [5]. - GAAP net loss attributable to common shareholders was $(0.3) million, or $(0.02) per diluted share, compared to net income of $9.0 million, or $0.46 per diluted share in the prior year [10][11]. Full Year 2024 - Total net sales increased by 2.0% to $454.4 million compared to $445.3 million in 2023, with a 3.8% increase when excluding foreign exchange impacts [13]. - GAAP net income attributable to common shareholders was $7.7 million, or $0.40 per diluted share, down from $15.1 million, or $0.77 per diluted share in 2023 [17]. - Adjusted EBITDA was $40.5 million, slightly up from $40.4 million in 2023 [19]. Operational Insights - Selling, general and administrative expenses (SG&A) for Q4 were $43.7 million, up from $39.9 million in the previous year, reflecting variable costs related to sales growth [7]. - Operating income for Q4 was $4.6 million, or 3.8% of net sales, compared to $5.7 million, or 5.2% of net sales in the prior year [8]. Balance Sheet and Cash Flow - As of December 31, 2024, the company had cash and cash equivalents of $84.7 million and no outstanding debt [20]. - Net cash provided by operating activities was $25.3 million for the year, down from $41.2 million in the prior year [20]. Outlook - The company expects full year 2025 net sales to range between $445 million and $470 million, with adjusted EBITDA projected between $38 million and $44 million [21].